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What determines how much I pay for my condo fees if all condo's are different sizes. Do I pay more for the property manager or using the pool if my condo is bigger?
Wiki User
∙ 11y ago
There is no standard formula for the amount of assessments levied against each unit in any condominium association.
Association budgets are expense driven: that is, monies are due from owners depending on annual budgets developed from expenses spent to operate the community in prior years.
Your share of assessments may depend on your unit's square footage, your optional use of amenities or other, depending on what is written in your governing documents. You may also be responsible for paying use-based, individually metered, consumption of utilities, such as water.
Your treasurer or association manager can explain the basis upon which your individual assessments are due and owing.
Wiki User
∙ 11y ago
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